Pyramid Scheme Victims In The U.S.: Has Anything Changed In The Last Dozen Years?

Pyramid Scheme Victims In The U.S.: Has Anything Changed In The Last Dozen Years? by William Keep

Summary

FTC Fraud Surveys serve multiple purposes, including to identify the presence of pyramid scheme victims.

Size matters, especially when it comes to sample size.

A result that is not ‘statistically significant” is still a result.

Identifying and deciding to prosecute a pyramid scheme disguised as a legal MLM company can take years. Consequently, estimating the annual number of MLM-type pyramid scheme victims remains anybody’s guess-ranging from 100% among those who see an inherently flawed MLM business model to a very low percent among those who believe in effective, trade association led self-regulation. Even a low percent would produce hundreds of thousands, and potentially over a million, pyramid...